Envestnet Asset Management Inc. Raises Stock Position in Global X 1-3 Month T-Bill ETF $CLIP

Envestnet Asset Management Inc. grew its stake in shares of Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) by 13.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,529 shares of the company’s stock after acquiring an additional 7,213 shares during the period. Envestnet Asset Management Inc. owned about 0.42% of Global X 1-3 Month T-Bill ETF worth $6,279,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Sei Investments Co. increased its stake in Global X 1-3 Month T-Bill ETF by 3.4% in the 2nd quarter. Sei Investments Co. now owns 1,461,135 shares of the company’s stock valued at $146,727,000 after purchasing an additional 48,546 shares in the last quarter. 49 Wealth Management LLC boosted its position in Global X 1-3 Month T-Bill ETF by 57.9% during the second quarter. 49 Wealth Management LLC now owns 634,034 shares of the company’s stock worth $63,670,000 after purchasing an additional 232,538 shares in the last quarter. Capital Investment Advisors LLC grew its holdings in Global X 1-3 Month T-Bill ETF by 24.1% in the third quarter. Capital Investment Advisors LLC now owns 525,357 shares of the company’s stock valued at $52,756,000 after purchasing an additional 101,878 shares during the last quarter. Accurate Wealth Management LLC increased its position in shares of Global X 1-3 Month T-Bill ETF by 38.3% in the third quarter. Accurate Wealth Management LLC now owns 389,253 shares of the company’s stock valued at $39,015,000 after buying an additional 107,870 shares in the last quarter. Finally, Pasadena Private Wealth LLC purchased a new position in shares of Global X 1-3 Month T-Bill ETF in the second quarter valued at $37,970,000.

Global X 1-3 Month T-Bill ETF Trading Up 0.0%

Global X 1-3 Month T-Bill ETF stock opened at $100.30 on Friday. Global X 1-3 Month T-Bill ETF has a 52 week low of $100.02 and a 52 week high of $100.47. The firm’s 50-day simple moving average is $100.24 and its 200 day simple moving average is $100.25.

Global X 1-3 Month T-Bill ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a $0.308 dividend. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, February 2nd.

Global X 1-3 Month T-Bill ETF Profile

The Global X 1-3 Month T-Bill ETF (CLIP) is an exchange-traded fund that is based on the Solactive 1-3 month US T-Bill – USD index. The fund tracks a market value-weighted index of USD-denominated, zero-coupon US Treasury bills with a time to maturity of one to three months. CLIP was launched on Jun 20, 2023 and is managed by Global X.